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More Than a Button: The Best CTAs for Paid Social Advertising (Based on $130M in Ad Spend)

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In the pandemic’s earliest days, everyone had their sights set on cost per lead (CPL), with spend-per-month averaging $35K. From there, they’d retarget audiences across channels and run conversion rate optimization (CRO) tests to see what resonated best. CPO N/A $21,378.29 CPO $7,722.17 $7,546.49 CPO $8,330.22 $4,869.48

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How Metadata Fundamentally Changed My Approach to B2B Marketing

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Seriously: our lead-to-conversion rate increased by 15X and our cost per opportunity (CPO) went from $40k to $800. For context, our cost per lead (CPL) was around $1,000 before we started using Metadata. With Metadata, our CPL dropped to about $50. I was instantly hooked. The pivot paid dividends almost immediately.

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Is paid social advertising still worth it in 2023?

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After a few months, my cost per lead (CPL) was $3k, and I was in a frenzy. Joe didn’t actually say that, but our conversation did kickstart my fascination with Metadata. But Abdallah, paid social is sooo expensive I want to remind you of my CPL at Armorblox: $3k. Your CPL or CPO after a few campaigns are just your benchmarks.

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Stop Struggling, Start Experimenting: How to Think About Your Paid Ad Experiments

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In that case, you might consider experimenting with LinkedIn’s thought leader ads to see if they spark good conversations with prospects. Optimize for pipeline (not CPL) and use auto-pause My biggest gripe with native ad channels is that you can only optimize toward vanity metrics like leads, impressions, and clicks.

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We’re Breaking Free: Why It’s Time for Demand Gen Marketers to Own Their Data

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That many people reading our 2023 B2B paid social benchmark report were surprised by the high cost per opportunity (CPO) of paid social advertising. Although I admit CPL and similar metrics are solid leading indicators of paid social success, they’re not close enough to the dotted line to be the primary proxies.

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Measure This, Not That: Your Guide to the Demand Gen Metrics That Matter

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Liam outlined these backburner metrics in his DEMAND session as follows: Cost metrics: Metrics that measure the cost per something —think cost per lead (CPL) and cost per acquisition. Marketing conversion metrics: Metrics tied to specific channels, like Facebook, LinkedIn, or Google Search. Want to learn more about Metadata?